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Though there is a need for improved managerial performance in the private and public sectors, there is a special need for improved ethical decision making by managers. It is in organizations' and managers' best interests to be ethical. Management and consulting firm McKinsey & Company says that boardrooms have shifted their focus from earnings before interest and taxes (EBIT) to cash - and that has translated into responsibility for cash management at all levels of the business. COVID-19 has clearly proven to be an ominous threat, impacting the health of both individuals and businesses. Another well-known case of moral management occurred when Merck and Co., the pharmaceutical firm, invested millions of dollars to develop a treatment for river blindness, a third world disease affecting almost 18 million people. Whether they be engaged in planning, organizing, motivating, communicating, or some other management role, they face the fact that matters of right and wrong, fairness and unfairness, and justice or lack of justice creep into their decisions, actions or behaviors. Conducting personality tests is a great way to find each team members strengths and weaknesses, how these different personality types communicate best and what theyll respond best to. The tactics below can guide you as you coach your leaders in these key behaviors. Its packed full of the. Top 7 Facilities Management Challenges For Enterprises | iOFFICE Similarly, theres culture compliance, which deals with employee wellbeing, and ensuring diversity and inclusion in the workplace. Corruption has been flagged as a critical factor in the loss of 420 million hectares of forests globally between 1990 and 2020. With the monumental changes we witnessed in 2020, the organisations who have continued to thrive are those who have embraced a digital business model. Top Tip: Managers need to offer training solutions that can evolve as quickly as learners needs. Common Challenges in New Leadership Roles - careersindepth.com